Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Two or three Federal Reserve interest rate increases this year would be "reasonable," but the central bank will continue to watch economic data, San Francisco Fed President John Williams said Thursday.
"We should stay on our basic strategy of gradually reducing accommodation," he told CNBC from the sidelines of a conference on monetary policy at Stanford University's Hoover Institution.
Williams does not vote on the Fed's policymaking committee this year. Last month, the Federal Open Market Committee voted to keep its target range for the federal funds rate at 0.25 to 0.5 percent as it monitored global economic developments and progress toward its 2 percent inflation target.
Williams' comments came ahead of the release of the government's April jobs report on Friday morning and after a weak initial first-quarter gross domestic product reading last month. Williams urged caution about "overreacting" to the data but said the Fed will watch whether GDP sluggishness persists.
"I'm not taking too much of a signal from the first-quarter GDP," he said.
Williams touted progress in the labor market and said concerns about a global slowdown have dissipated somewhat.
He also addressed comments earlier Thursday by presumptive Republican presidential nominee Donald Trump, who said he would "likely" replace Janet Yellen when her term as Fed chair ends in 2018. Williams said he is "100 percent in full support" of Yellen, adding she is "doing an absolutely terrific job."
Earlier he told Reuters the central bank will likely have to take the U.K.'s decision on whether to leave the European Union into account at its June meeting. Britain's referendum takes place June 23, about a week after the Fed's gathering.
"We're going to have a lot better information by the middle of June about 'Brexit' and what polls show and how the markets are reacting," Williams said at the conference. "Clearly if there's an expectation that it actually will pass and the markets will react to that then we have to take that into consideration in terms of how it affects the U.S. economy and the outlook."
— Reuters contributed to this report.